Fantom (FTM) Price Correction: Is Now the Right Time to Buy for Future Gains?

Fantom (FTM) Price Correction: Is Now the Right Time to Buy for Future Gains?

Fantom's price is trading in a downtrend at the moment but looking at the investors, it seems like a reversal could occur soon.

Fantom Is Ripe for Buying

Fantom’s price largely depends on either the broader market cues or the actions of the investors. The case for the past few days was the former, while the next two trading sessions are expected to be the latter.

• Price-Daily Active Addresses (DAA) Divergence indicates a buy signal.
• MVRV ratio suggests an accumulation opportunity zone.

FTM Price Prediction: A Slow but Sure Recovery

Fantom’s price, propelled by the investors’ accumulation, could escape the downtrend, breaching through the trend line to test the resistance box. If successful, there is potential to reclaim recent losses and aim for key resistance levels.